Common use of Peer Group Changes Clause in Contracts

Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Ten Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Ten Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 1.00 7 0.75 8 0.50 9 0.25 10 0.00 Nine Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.25 9 0.00 Eight Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.71 3 1.42 4 1.13 5 0.84 6 0.55 7 0.26 8 0.00 Seven Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Six Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.60 3 1.20 4 0.80 5 0.40 6 0.00 Five Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.00 If a member of the Peer Group declares bankruptcy, it shall be deemed to remain in the Peer Group until the Performance End Date and shall occupy the lowest ranking in the Payout Schedule. If, as a result of merger, acquisition or a similar corporate transaction, there are five or more Affected Peer Companies, the Committee may in its sole discretion revise the makeup of the Peer Group and make adjustments to the Payout Multipliers.

Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Ten Nine Peer Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Ten Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 1.00 7 0.75 8 0.50 9 0.25 10 0.00 Nine A-2 Eight Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.25 9 0.00 Eight Seven Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.71 1.75 3 1.42 1.50 4 1.13 1.25 5 0.84 1.00 6 0.55 0.75 7 0.26 0.50 8 0.00 Seven Six Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Six A-3 Five Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.60 1.67 3 1.20 1.33 4 0.80 1.00 5 0.40 0.50 6 0.00 Five Four Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.00 If a member of the Peer Group declares bankruptcy, it shall be deemed to remain in the Peer Group until the applicable Performance End Date and shall occupy the lowest ranking in the Payout Schedule. If, as a result of merger, acquisition or a similar corporate transaction, there are five or more Affected Peer Companies, the Committee may in its sole discretion revise the makeup of the Peer Group and make adjustments to the Payout Multipliers.

Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Ten Eight Peer Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Ten Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 1.00 7 0.75 8 0.50 9 0.25 10 0.00 Nine Seven Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.25 9 0.00 Eight Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.71 3 1.42 4 1.13 5 0.84 6 0.55 7 0.26 8 0.00 Seven Six Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Six Five Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.60 1.67 3 1.20 1.33 4 0.80 1.00 5 0.40 0.50 6 0.00 Five Four Peer Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.00 If a member of the Peer Group declares bankruptcy, it shall be deemed to remain in the Peer Group until the applicable Performance End Date and shall occupy the lowest ranking in the Payout Schedule. If, as a result of merger, acquisition or a similar corporate transaction, there are five or more Affected Peer Companies, the Committee may in its sole discretion revise the makeup of the Peer Group and make adjustments to the Payout Multipliers.

Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Ten Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Ten Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 1.00 7 0.75 8 0.50 9 0.25 10 0.00 Nine Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.25 9 0.00 8 Eight Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.71 3 1.42 4 1.13 5 0.84 6 0.55 7 0.26 8 0.00 Seven Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Six Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.60 3 1.20 4 0.80 5 0.40 6 0.00 Five Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.00 If a member of the Peer Group declares bankruptcy, it shall be deemed to remain in the Peer Group until the applicable Performance End Date and shall occupy the lowest ranking in the Payout Schedule. If, as a result of merger, acquisition or a similar corporate transaction, there are five or more Affected Peer Companies, the Committee may in its sole discretion revise the makeup of the Peer Group and make adjustments to the Payout Multipliers.